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The report titled Satellite-Based Earth Observation Market which was recently added by Kenneth Research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e., 2022-2031 . The market is further anticipated to grow with a robust CAGR throughout the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Satellite-Based Earth Observation Market Products.
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In Canada, the ICT sector consists of around 41,500 companies. Out of these, over 37,000 companies fall under software and computer services industry, resulting in around 89.8% of key players in the ICT industry to be involved in software and computer services. On the other hand, in the year 2018, as per the statistics of the Canadian ICT Sector Profile, released by the Government of Canada, ICT wholesaling, communications services and ICT manufacturing contributes to 4.5%, 3.4% and 2.2% share respectively in the country.
Observing the earth on the basis of geo-satellites has been a prevalent process over years. With the usage of high spectral resolution, in addition to the shutter controlled regulations provided earlier by satellites, the EO industry has seen a steady growth with a unique value proposition of its own.
EO technology can be useful in garnering important information about levels of gas emissions, analysing patterns of agriculture and soil moisture, detect forest fires, measure the heights of ocean waves, help in archaeological studies and also obtain information on the chemical, physical and biological aspects of the earth with the help of remote sensors. The greater availability of satellite images and EO data with the advent of technology and low processing costs, is now leading to more innovation and new applications in this market.
Market Dynamics:
There has been a steady growth in this EO sector with an expected manufacture and launch of 260 satellites between years 2009-2018 in comparison to 128 satellites in the last decade. The growth of the EO industry will be driven by government and private stakeholders who will benefit from the same the most. Industries like manufacturing and launching enjoy significant returns from these EO missions.
Technological improvements in image capturing techniques by satellites have positively influenced the market. Advanced remote sensing techniques and high resolution cameras are being used to improve image quality. Also, a major improvement has occurred in terms of the timeliness aspect. This has been achieved by usage of ground hardware and reseller network which allows faster, more flexible, tasking receiving functions.
However, there has been a threat to the Satellite-Based Earth Observation Market from UAV EO products with UAV capabilities getting better. There are also budgetary restraints on the government's part which would affect overall EO data in years to come.
Market Segments:
Segments on basis of end user industry verticals:
The global satellite based earth observation market can be segmented from an end-user-industry vertical perspective.Few of these industry verticals are as follows:
Defence and Intelligence
Transport and logistics
Telecommunication
Agriculture
Disaster Management
Energy and natural resources
Public authorities
Segments on basis of geography with more usage of EO products:Products can also be segmented on the basis of regions where the manufacture and the launch of geo satellites have been at the higher end. Few such geographies can be listed as:
APAC
Europe
Latin America
MEA
North America
Segments on basis of vendors providing EO solutions:Across geographies, this segment will list down vendors providing EO products. The market is competitive due to presence of few key players with long term relationships with government organisations.
Deimos Imaging
Skybox Imaging
DigitalGlobe
DMC International Imaging
MDA Information System
Airbus Group
Geographical Analysis
While a lot of countries involve in production of satellite based EO products, its mostly United States, Europe, China and India who are the biggest players in this sector of strategic importance
From the geographies listed above in market segmentation,Latin America sees high contribution from the D&I vertical while contribution from almost all verticals listed above is seen in case of Middle East and APAC regions. In case of North American and European markets would be considerably from all verticals except D&I due to considerable budget cuts.
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Key Players:
Key players in the EO industry are few and have market domination due to high entry barrier. There is a high demand due to which players are trying to enter in this domain of business and the existing ones are using mergers and acquisitions to strengthen their position. Few key players are MDA, DigitalGlobe, Deimos Imaging,Skybox imaging,Airbus group and DMC International imaging
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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About Kenneth Research:
Kenneth Research is a multi-client market research database that aims at providing reports that help industry professionals including various individuals and organizations to identify the market trends and scope, thereby making it easier for them to take decisions and form strategies after complete assessment of the market. The various industries catered by the company include healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence and several others. Being a global market research reselling firm, Kenneth Research provides strategic business consultancy services at a global level and offers a single platform for the best market research reports.
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George Benson
George Benson is an energetic and versatile freelance writer for 5 years, he pens down any type of article and web content. He is a Cambridge University Business English Certificate (Europe Level) holder. He is analytical, enthusiastic, and ingenious, with the essence to work variously, and strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily possesses.
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